3840 W Davis St - Total Point ER | 18yrs Remain Abs NNN w/ Incr 6,600 SF Health Care Building Offered at $7,161,000 at a 7.25% Cap Rate in Conroe, TX 77304
INVESTMENT HIGHLIGHTS
- Approximately 18 Years Remaining on Lease | Options To Extend | 2% Annual Rental Increases
- Total Point ER | Rapidly Expanding Company
- Strategically Located Along W Davis St (40,800 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Tax-Free State
- Dense Retail Corridor | National/Credit Tenant Presence | Adjacent to 270-Unit Apartment Complex
- Trade Area supported by 100,000 residents and 48,000 employees | Affluent average household income of $109,180
EXECUTIVE SUMMARY
• The tenant, Total Point ER, recently signed a 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease features 2% annual increases throughout the initial term and option periods, growing NOI and hedging against inflation
PROPERTY FACTS
| Price | $7,161,000 |
| Price Per Bed | $7,161,000 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 6,600 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2015 |
| Parking Ratio | 4.55/1,000 SF |
| Zoning | General Commercial |
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PROPERTY TAXES
| Parcel Number | 5158-00-00301 | Improvements Assessment | $1,695,790 |
| Land Assessment | $384,084 | Total Assessment | $2,079,874 |
